October 27, 2020 (MLN): The State Bank of Pakistan (SBP) announced that it will conduct a 6 day OMO to inject funds into the market.
Quotes timing is: 11:00 PST while result will be announced at: 11:30 PST
Settlement is same day – October 27, 2020
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November 25, 2020 (MLN): TPL Trakker Limited (“TPLT”) has been awarded the contract for consultancy services for Mapping of Historical and Religious Sites in Pakistan in order to bring to light all the diverse aspects of Pakistan’s history and culture (“Project”).
According to the notice issued to PSX, the Project will enable local and foreign tourists, as well as researchers, to access valuable information concerning the entire historical and religious site in Pakistan.
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November 25, 2020: Pakistan ranked 45th in the Internet Development Index with a score of 39.03, but the country, placed 42nd, surpassed Vietnam, Kazakhstan and other countries in innovation capacity, according to the World Internet Development Report 2020.
The report was released during the World Internet Conference - Internet Development Forum kicked off in Wuzhen, Zhejiang province, highlighting digital empowerment for a better future.
During the event, China Internet Development Report 2020 was also released. This is the fourth year for the release of the two blue books during the World Internet Conference, and their findings are becoming a characteristic of global Internet research.
The Global Internet Development Index gauges six parameters: infrastructure, innovation capacity, industrial development, Internet application, cybersecurity, and cyberspace governance.
"We have selected 48 countries across five continents.
According to the results, in terms of Internet development, the United States and China are still ahead of other countries, and European countries are strong and relatively balanced," said Xia Xueping, head of the Chinese Academy of Cyberspace Studies.
Li Xiaoyu, vice president of Chinese Academy of Cyberspace Studies, told China Economic Net (CEN) that there is unbalanced Internet development in Asia.
He called for cooperation between enterprises in countries that are weak in Internet industry and China's existing Internet operators, equipment manufacturers, information service providers.
"The premise is to strengthen openness and cooperation. Chinese companies are willing to cooperate and provide them with better services," he added.
Pakistan has 169 million mobile phone users and only 87 million fixed broadband Internet users by August 2020, according to the Pakistan Telecommunication Authority. As Pakistan has a population of more than 200 million, its broadband subscribers account for less than 50%.
Touching on the prospects of Internet development in Pakistan, Li said Pakistan has enormous growth potential. Pakistan has always attached great importance to information technology and its role in serving the public, and its Internet practice is worth introducing and recommending.
"The public can get more information and better service via the Internet, especially for countries with hundreds of millions of people in Asia", he added.
APP
November 25, 2020: China has reiterated its full support to the Gwadar Port's project for its greater role in the regional cooperation on trade and goods transition.
Chinese Foreign Ministry's Spokesperson Zhao Lijian during a media briefing in Beijing on Tuesday said that China supports the greater role of the port, an important component of the China-Pakistan Economic Corridor and we are glad to see the new progress.
Zhao Lijain said that facts have proven that China -Pakistan Economic Corridor has not only delivering benefits to the Chinese and Pakistani people but has also facilitated regional connectivity and economic cooperation.
He said we are confident that with efforts from all parties, the CPEC will surely play a more positive role to help promote prosperity in the region.
The international transit activities have started with the arrival of the first fish cargo at the Gwadar port for onward shipment to China.
Radio Pakistan
November 25, 2020: Prime Minister Imran Khan will inaugurate the Country Strategy Dialogue on Pakistan today (Wednesday).
The World Economic Forum is organizing the event and Imran Khan will participate in an interactive dialogue with the President WEF Børge Brende and chairpersons and Chief Executive Officers of leading global corporations and WEF partner companies.
Subsequent sessions of the day-long CSD will feature discussions of global business leaders with Finance Adviser Dr Abdul Hafeez Sheikh, and federal ministers Makhdoom Khusro Bakhtiar and Hammad Azhar on wide-ranging subjects including the economy, finance, investment, trade, manufacturing, digitalization and startups, regional connectivity and China-Pakistan Economic Corridor.
The last segment will include a Round table on 'Energy Transition Priorities and Challenges in Pakistan.'
Each session of the CSD will enable CEOs of global corporations and multinational companies to interact directly with Pakistan’s top leadership on the vast business and investment opportunities available in the country due to the various initiatives for economic reforms by the current government.
CSD is WEF’s signature platform for countries with rising economies and promising growth potential.
The upcoming CSD is the second such event organized by WEF for Pakistan this year. A CSD during Prime Minister’s visit to Davos, Switzerland, for the WEF Annual Meeting in January this year was widely attended by the global corporate sector.
The second CSD by WEF within one year is a recognition of Pakistan’s positive economic trajectory and its commendable resilience to the myriad of challenges including the COVID pandemic.
Radio Pakistan
November 25, 2020 (MLN): As the Faisalabad textile industry sees a massive rise in demand & export orders, Prime Minister Imran Khan has instructed the Commerce & Industries Ministries to ensure all necessary support to the textile sector to enable them to meet their growing demands.
The aforementioned announcement was made by Prime Minister on its Twitter official handle.
He said, ‘the textile sector is one of a number of positive developments in our economy despite COVID 19.’
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